Manchester (N.H.) Employees' Contributory Retirement System committed $3 million to TA Realty Value-Add Fund XIII.
The $250 million pension fund's board approved the commitment to the value-added real estate fund at its Oct. 11 meeting, said Melanie Murray, executive director.
The pension fund previously committed $4 million to TA Realty Value-Add Fund XII in 2019.
As of Sept. 30, the pension fund's actual allocation to real estate was 16%; the target is 12%.
Investment consultant NEPC assisted.
